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Simba Essel Energy Inc SMBZF

Energy Oil & Gas E&P
Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Simba Essel Energy Inc
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Comment by HayBarnon Dec 10, 2013 2:22pm
105 Views
Post# 21991019

RE:RE:RE:RE:RE:RE:The DOG sinks deeper

RE:RE:RE:RE:RE:RE:The DOG sinks deeperBOBF

20 million new shares ?? Thats not right. What I`m saying is if the Ajax deal falls through then they need to fund that Kenyan drill next year. That drill is going to cost roughly $30million. To raise that money from the market they would have to issue 600million new shares @5cent to get $30million.
An extra 600 million shares would annihilate the share holders at this point and to say that it will not have any effect is simply untrue
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